Shell to sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners
View original at finance.yahoo.comShell to sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners HOUSTON, March 9, 2026 /PRNewswire/ -- Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc., that comprises Shell's United States ("U.S.") lubricants business, has entered an agreement…
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This divestment allows Shell to monetize an asset that is not central to Shell's lubricant's portfolio in the US and reinvest in opportunities that generate higher returns
60% confidenceJiffy Lube has been a part of Shell Lubricants in the US for more than 20 years, consistently delivering strong performance and building a trusted brand with millions of drivers
60% confidenceThe transaction is expected to close in the second half of 2026, subject to regulatory approval and closing conditions
60% confidenceThe transaction is expected to close in the second half of 2026, subject to regulatory approval and closing conditions.
60% confidenceThe transaction is expected to close in the second half of 2026, subject to regulatory approval and closing conditions
60% confidenceThis divestment allows Shell to monetize an asset that is not central to Shell's lubricant's portfolio in the US and reinvest in opportunities that generate higher returns by capitalizing on a strong market opportunity.
60% confidenceJiffy Lube has been part of Shell Lubricants in the US for more than 20 years, consistently delivering strong performance and building a trusted brand
60% confidenceShell Lubricants companies have led the global lubricants industry by volume for more than 19 consecutive years
60% confidenceShell is the leading deep-water operator and largest producer of oil and gas in the U.S. Gulf of America
60% confidenceShell Lubricants companies have led the global lubricants industry by volume for more than 19 consecutive years
60% confidenceBy capitalizing on a strong market opportunity, this divestment allows Shell to monetize an asset that is not central to Shell's lubricant's portfolio in the US and reinvest in opportunities that generate higher returns
60% confidence